Science Applications International (NYSE:SAIC) Sees Unusually-High Trading Volume – What’s Next?

Science Applications International Co. (NYSE:SAIC) saw strong trading volume on Friday . 905,755 shares were traded during trading, an increase of 198% from the previous session’s volume of 304,040 shares.The stock last traded at $120.70 and had previously closed at $125.91.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SAIC shares. Truist Financial boosted their target price on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. Barclays increased their price objective on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. StockNews.com cut shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Citigroup increased their price target on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised shares of Science Applications International from a “neutral” rating to an “overweight” rating and upped their target price for the company from $150.00 to $170.00 in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $150.43.

Science Applications International Stock Performance

The stock’s 50-day moving average is $142.06 and its 200 day moving average is $130.66. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 15.96 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.86 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $2.05 EPS. As a group, analysts predict that Science Applications International Co. will post 8.2 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International’s dividend payout ratio (DPR) is 26.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC acquired a new stake in shares of Science Applications International in the 2nd quarter worth approximately $27,000. UMB Bank n.a. raised its stake in shares of Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after buying an additional 171 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after buying an additional 203 shares in the last quarter. Fifth Third Bancorp grew its stake in Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 84 shares during the last quarter. Finally, CWM LLC increased its holdings in Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 147 shares in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.